Humble, TX Retail Property For Sale

• Great C-Store and Office Opportunity for the right buyer

• +/- 13,000 SF of office/retail space and 3,000 SF of C-Store with 4 MPDs with EMV system, built 2009

• Jobber contract expires in 2020

• 5,500 SF of retail is recently leased (15 year) at $1.37 PSF for first three years then increasing to $2.25 PSF; Medical office tenant

• 14% Cap rate possible for buyer who fills the retail space with tenants at current market rental rates

• C-Store Sales - $50K/month Inside and 25K gallons/month fuel sales

• Deli could be re-opened

• Store has gaming machines but sales not available

• Lease on 5,565 SF of office space is at $93,111/year (gross lease) for first 5 years with tenant option to renew at $150,255/year ($2.25 PSF Gross Lease)

• If new owner can lease out space at current market rate of $20 PSF + NNN,

should get about $300,000 in net rent/year after tenant renewal

• Excellent corner location with about 91,360 vehicles per day on Beltway 8 and about 13,100 vehicles per day on Old Humble Road

• Current 2017 Harris County appraised value of $1,376,296.00, real estate only; does not include business valuation

• Non-Disclosure Agreement required to get full details. Do not talk with the store employees about store being for sale

PROPERTY INFORMATION

** Virtual Tour in Brochure! **

• 8% CAP RATE - 179,719 VPD

• 9,541 SF Retail Center on .66 AC with 250’ freeway frontage - 100% leased with solid tenant base (two tenants)

• Excellent investor opportunity - value add with below market rents

• Near Beltway 8, Grand Parkway, IAH with Pylon Signage

• Two entrances to the center-back area fenced and gated Plenty of parking / 40 Spaces (4.19:1000)

• Executive Summary sent upon request

Sale at 8% cap rate

Income producing

Do not disturb Tenants

Drive By only

For showing contact Sepi

Lease are all long term with stable tenants and NNN with very good history of RR

With Billboard on Property that generate income

Free Standing Building

Tall signage attracting High traffic passing Cars

Renovated 2018

Sitting on a very Busy street

* Central Business District Humble, TX

* Excellent SWC of E. Main Street & S. Avenue A

* Ideal for Restaurant

* Former Entertainment Venue-Platform Stage (In Place)

* Downtown Humble With Extra Parking

* Easy Access I-69 (Hwy 59) FM 1960, BW 8 & Will Clayton Pkwy

* IAH Bush Airport 10 Min

* Former Restaurant (40+years)

* City of Humble Utilities

* Bush IAH Airport-5 miles

* Easy access to I-69 (Highway 59)

• +/- 1,518 SF convenience store/gas station for sale

• Sale price: $960,000.00

• Store has no Jobber contract at this time but Owner is near signing a contract to get pumps replaced and new signs.

• Business and Real Estate for sale

• Opportunities for Improvement or other business activity (possible to add a gaming machine – only 1 allowed per city)

• Excellent visibility with over 16,000 vehicles per day on First Street

• Current 2017 Harris County appraised value of $392,380.00, real estate only; does not include business valuation

• Seller does not want Buyers talking with store employees or others about store being for sale; a Non-Disclosure Agreement is required to get details and make an offer

• Full Demographic Package Available

Alpha Realtors have been offering Property for sale 209 1st Street E. Humble, Texas 77338, the free-standing restaurant building. The single building is ideally positioned in the location of Humble City, with quick to access to Interstate 69 Highway. The building is 3,456 square feet built on 16,596 square feet lot in 1971 and remodeled in 1997 and 2008, and approximately 127’ of frontage on FM 1960 Business,with 2 curb cuts and 20 space parking lot for easy enter and exit.

Additionally, this is the tenant well established for 11 years a popular Pho restaurant long time owner.

The business opens during COVID 19.

Sell the property only, and please do not disturb the tenant.

Owner financing available with $100K or more, property is currently lease to a taco truck and party event hall. Property use to be a bar before. Property is located on two lots. Available on 10/01/2018